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2012 Chart: Fiat currencies vs. gold and silver

derrybderryb Posts: 36,790 ✭✭✭✭✭
in Precious Metals
Gold was up 14131.4% if purchased with the Burmese Kyat!

The race to debase

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    A very clear message regarding fiat currencies.... Logically, one can see, it cannot reverse without some cataclysmic event that virtually changes the world of finance as it exists today. (Wow, some statement - and I make that statement knowing full well that I in no way approach the depth of financial knowledge of most here on the forum.) Cheers, RickO
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